Hot Research

Upgrade for Scotts Miracle Gro

BMO raises price target for fertilizer company as it beats estimates.

We are upgrading Scotts Miracle Gro to Market Perform from Underperform and raising our price target to $58 from $50. Scotts (ticker: SMG) beat estimates on late season sales strength and the outlook for fiscal 2014 is healthy.

The company reported a loss per share of 18 cents in the fiscal fourth quarter of 2013, versus our estimate of a loss by 36...